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UNCOLLECTED ASSESSMENTS FORMULA <br />City of Roseville <br />Public Works Department <br />2660 Civic Center Drive pi <br />Roseville, Minnesota r.113 <br />Lump <br />Sum Payment for <br />unpaid principal and accrued interest prior to <br />completion <br />of bond <br />series. NOTE: This formula assumed principal <br />diminishes <br />in,equal <br />amount each year on reduced principal amount. <br />S = <br />final sum owed <br />Pin Number _02-29-23-21-0083 <br />P = <br />principal debt <br />Legal: Subj to Victoria Street & Ex. N 475 <br />ft & ex S 100 ft of E 213 ft; lot 1 <br />i = <br />interest rate <br />St. Paul Park <br />n = <br />number of yr/bond Project Sanitary Sewer Ser 3 <br />N = <br />number of yr/elapsed Address 3083 Victoria St. <br />S= <br />P+ P+ P- (N <br />P <br />- 1) n X N i <br />2 <br />Principle = $487.63 <br />Interest rate = 5% <br />Years in bond = 20 <br />Years elapsed = 20 <br />Interest total = $256.01 <br />Total Sum Owed = $743.64 <br />Calculated By - CIO <br />Date March 10, 1989 <br />